TikTok has completed the deal to sell its American division
ByteDance, the Chinese technology corporation, has completed the deal to transfer a stake in its American division to a group of investors from the United States. According to Bloomberg, among the new shareholders are companies such as Oracle, Silver Lake, and MGX, which will receive 50% of the shares of American TikTok. The remaining shares will be distributed as follows: 30.1% will remain with the current investors of ByteDance, while 19.9% will be controlled by the company itself.